Allocation of Resources, Approval of Projects, and Authorization of Budgets

question 120

Multiple Choice

Allocation of resources, approval of projects, and authorization of budgets are all activities that a manager performs in which management role?

• A) functional
• B) decisional
• C) coordinating
• D) interpersonal

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Definitions:

Individual Assets

Specific items of property owned by an individual or entity, including tangible and intangible assets.

Straight-line Depreciation

A technique for distributing the expense of a physical asset across its lifespan in uniform yearly sums.

Plant Asset

An asset used in the operations of a business that is not intended for sale to customers and is referred to as property, plant, and equipment (PP&E) in accounting.

Adjusting Journal Entries

Journal entries made at the end of an accounting period to update certain accounts and ensure they accurately reflect the financial status of the business.